Out of curiosity, what was the motivation for doing this? What is so bad about running too fast? How is "too fast" defined?
With Pace.fm, I can set a desired speed and the app will help me stay approximately on-pace.
There's usually someone there who takes it upon themselves to rein in the speed on longer runs.
It's said that putting the treadmill at a 1-2 degree incline can correct for this discrepancy, and there's actually been a few scientific studies on this as well (e.g. http://www.ncbi.nlm.nih.gov/pubmed/8887211).